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As local tourism industry players report a decline in visitors and predict further losses, the city police has announced additional security measures aimed at improving the city’s image for potential tourists. Sergei Korneyev, head of the Northwestern branch of the Russian Tourism Industry Union, or RST, cited exorbitant prices and security concerns among the top factors hampering tourism development in St. Petersburg. Alexander Ivershen, deputy head of the St. Petersburg police special task force investigating crimes involving foreigners, admits the figures have been growing: 779 crimes against foreigners have been registered in town between January and September, a hike from the typical 500-600 crimes for the same periods of time in 2000-2004. Speaking at a round table on incoming tourism in Agency For Business News on Friday, Ivershen was quick to add that crimes against foreigners account for only one percent of all criminal activity. |
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HAIR TODAY
Alexander Belenky / The St. Petersburg Times
Models preparing to take part in the first hairdressing, nail-design and cosmetics Olympiad held at the Sport and Concert Complex over the weekend, featuring an array of weird and wonderful designs. |
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MOSCOW — Russia is a far easier place to do business than other developing economies like China or Brazil, according to the World Bank’s third annual ranking, to be published Tuesday. As a place to start up and run a business, Russia ranks No. 79 of 155 countries, just below Romania but right above European Union member Greece. Usual suspects New Zealand, Singapore and the United States occupy the top three spots, and ex-Soviet tiger economies Lithuania and Estonia hold down spots No.
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A hypodermic syringe tucked behind an ear, a neglected teenage girl drinking beer on one of the city’s beaches, a paper plate with a hot dog held in a dirty child’s hand — just a few of the images captured by local amateur photographers attempting to depict the life of St. Petersburg’s homeless children. |
All photos from issue.
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The Great Russian Race, an unprecedented international running relay, in which British and Russian runners covered the 11,000 kilometers between Vladivostok and St. Petersburg, finished in the center of town last weekend. The British team reported being exhausted by the heat, fascinated by the local historical monuments, and disappointed by the pollution that they saw along the way. |
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The St. Petersburg Jewish Community Home, intended to house the major Jewish organizations and programs of the city’s 100,000 Jewish diaspora, was opened in St. |
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MOSCOW — A Japanese Embassy employee and his wife were attacked by three young men in northern Moscow in what prosecutors called a racially motivated crime. The couple were waiting for a trolleybus near the CSKA sports complex on Leningradsky Prospekt at around 1 p.m. Saturday when three young men approached them, a Japanese Embassy official said Monday. |
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Russia’s economic freedom has not only improved, it is likely to worsen in the coming years, advisor to the president said last week, as he presented the findings of a report on global financial trends. Speaking in St. Petersburg on Thursday night, presidential advisor Andrei Illarionov demonstrated this year’s Global Economic Freedom report, which showed Russia’s status unchanged from a year ago. |
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MOSCOW — Russia’s first H&M store may open without the blessing of Sweden’s Hennes & Mauritz, the operator of more than 1,000 clothing stores around the world. |
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Subcontractors working on the North-European gas pipeline will have to establish a local subsidiary and pay taxes to the regional budget, the Leningrad Oblast said Friday. The region’s press-center distributed a report saying the local authorities had already come to an agreement on the subject with gas monopoly Gazprom, which is responsible for the pipeline project. |
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Soda to Build Glass MOSCOW (Bloomberg) — Russian Soda Co., or RCK, plans to build a 220 million euro ($271 million) glass factory in St. Petersburg, Vedomosti said, citing Valeri Zakoptelov, RCK’s chief executive. |
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Dutch interest in the St. Petersburg economy is growing — and the increasing number of deals, plus inquiries from Dutch companies after a slice of the surging Russian economy, proves that, says Paul van Oostveen, head of the economic department at the Netherlands Consulate in St. |
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Last month’s meeting of the heads of CIS states in Kazan rekindled the debate on the future of the CIS and the expediency of forging ahead with regional integration. |
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Unlike other summers, when journalists sit staring at the ceiling, wracking their brains over how to cover that fascinating growth in ice-cream demand or surging sales of air conditioners, this year’s holiday season has been rich in major deals. International giant Heineken swallowed St. Petersburg’s last independent brewery, Stepan Razin. |
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FRANKFURT — Deutsche Telekom launched a market placement of its 10 percent stake in Russian mobile operator Mobile TeleSystems on Monday after failing to agree a sale to MTS’s majority owner AFK Sistema. UBS and Deutsche Bank were named joint bookrunners to sell the stake in Russia’s number-one mobile phone company, worth around $1. |
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Q2 Growth at 6.1% MOSCOW (Reuters) — Russian economic growth slowed to 6.1 percent year-on-year in the second quarter after 7.7 percent in the same period of 2004, Federal Statistics Service data showed on Monday. |
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Imagine that U.S. President George W. Bush could command American television networks to limit their broadcasts to heroic rescues in New Orleans while blacking out scenes of human misery there. Imagine, too, that Bush could compel Congress to endorse his handling of Hurricane Katrina. |
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“The main problem is now a financial famine. But during the course of the month all delayed salaries will be paid — to the military, employees of law enforcement structures, to scientists and to pensioners. |
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St. Petersburg’s famous old Yeliseyevsky delicatessen recently announced that it will soon change its profile and will start selling expensive perfumes. The change will occur because the Moscow perfume retail chain, Arbat Prestizh, has rented the Yeliseyevsky store from the Parnas-M holding for $10 million. |
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Let’s be clear about one thing. Nothing that happened earlier this month — the mass destruction in the Mississippi Delta, the obliteration of the city of New Orleans, the murderous abandonment of thousands of people to death, chaos and disease — will change the Bush Administration or American politics at all. |
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NEW YORK — Roger Federer fought off a brave challenge from 35-year-old Andre Agassi on Sunday to beat the American 6-3 2-6 7-6 6-1 and retain his U.S. Open title. Seventh seed Agassi rocked the Swiss world number one by recovering from a set down to level the match and lead 4-2 in the third set, but Federer rebounded to become the first man in the professional era to win both Wimbledon and the U. |
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NEW YORK — Russian teenager Maria Sharapova said she was exhausted by her fightback to force a third set in her loss to Kim Clijsters in Friday’s U.S. Open semifinals and must improve her physical conditioning to reach her tennis peak. |
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SPA-FRANCORCHAMPS, Belgium — Fernando Alonso must wait two more weeks to become Formula One’s youngest champion. Even if McLaren’s Kimi Raikkonen wins the next round in Brazil, the end is drawing near after the final European grand prix of the season in Belgium on Sunday. Six points are all Renault’s 24-year-old Spaniard needs now to clinch the title, regardless of what Raikkonen does. |
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Corporate MBAs are not a exactly new product for Russia, but their nature is changing. As business education starts to look more and more towards people management, rather than the technical aspects of business, experts say tailor-made MBAs are gaining appeal. |
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The spice of doing business in Russia is attracting more and more Russians with an MBA degree from a top Western university to return home and take advantage of burgeoning emerging-market opportunities. |
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Clearly understanding the reasons for getting an MBA diploma and having a plan as to how the degree will be applied after graduation is key to a meaningful and worthwhile MBA experience. And, above all, it helps in choosing the right MBA program. “Registered in Russia are over a hundred programs with different specializations, formats, registrations, staff, education methods, costs and even languages,” says an MBA business education guide that is to be published by Begin Group this month. |
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A city-based marketing association has created a course, to start this month, which aims to bridge the gap between theory and practice by offering aspiring marketing professionals projects that are company-specific. |
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Does accounting baffle you? Do the mere mention of detailed financial transactions give you a headache? But you still want to graduate with a solid MBA? American professor of business education and Fulbright Scholar Anthony Gerritsen offers a practical guide to studies, warts and all. |
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International Management Institute of St. Petersburg (IMISP) 50, 9-ya Liniya. Tel.: 325-1919 E-mail: marketing@imisp.ru http://www.imisp.ru This MBA project was designed by the IMISP faculty in collaboration with leading specialists from Italy’s Luigi Bocconi University and was approved by the EU, which has also provided financial assistance. |
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What are the general features of different MBA courses? American business schools use more case studies. In Europe it’s hard to find a universal distinction criteria. Some business schools were founded by Americans and to a large extent retained the American approach. |
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You’ve picked the right school — and they picked you. Surely, the hardest part is over? Not so, say professors at the city’s top MBA schools. To get something useful from business education, you need to adopt the right attitude. |
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As the academic year kicks off, the city’s private language schools say demand has stimulated another record number of students enrolled. And with Russia forming close business partners nearer to home, English is facing some stiff competition as the world’s lingua franca. |
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Applying to a Masters of Business Administration, you are likely to be up against some very high standard candidates. To boost your chances you need to know what to submit, prepare thoroughly, and apply at the right time. |
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Issues Archive